Loss in Interday and FNO trading. Turnover less then 1 Crorer salary income 350000/- Is audit required?
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Quick Summary
This discussion addresses queries regarding losses incurred in interday and Futures & Options (FNO) trading. It clarifies whether an audit is mandatory for traders with a turnover below 1 crore and a salary income of £350,000. The conversation also touches upon the possibility of carrying forward these trading losses and how they can be adjusted.